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    Boutique Motel in Salinas, CA Title is generated by Realmo AI

    6 S Wood ST, Salinas 93905

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    Claim this Listing
    For Sale
    $3,100,000

    COMMERCIAL - SALINAS

    Lot size:
    0.36 Acres
    Added:
    May 19, 2026
    Days on Market:
    10
    Last Refresh:
    May 28 at 1:06 am

    Property Features for 6 S Wood ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CR-FG5
    Rooms
    Laundry Room
    Parking
    25
    Interior features
    Vaulted Ceiling
    Standard status
    Active
    Lot size
    0.36 Acres

    Utilities

    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1964
    Flooring type
    Carpet, Tile
    Roof type
    Composition

    We can help!

    Listing Contact
    Eddie Guajardo
    Eddie Guajardo

    Listing agent Eddie Guajardo License #02056453

    Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA

    Listing date May 19, 2026

    MLS# ML82020072

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved Extended Stay Program by the City of Salinas creates potential for farm labor/workforce housing.
    • 25‑unit boutique motel in a desirable location.
    • On‑site owner's living quarters: 2 bedrooms, 2 bathrooms, kitchen/family room combo, and separate living room.
    • Recent upgrades: double‑pane windows, 400‑amp electrical system, updated plumbing with water softening system, oversized water heater.
    • Seller is open to carrying a portion of the purchase price for qualified buyers.
    • Well‑maintained property with regularly scheduled maintenance and recent/historical fumigation.

    Overview

    A 25-unit boutique motel is available in Salinas, California. This two-story motel features an on-site office with owner's living quarters, including 2 bedrooms, 2 bathrooms, a spacious kitchen & family room combo, and a separate living room. The building has been upgraded with double-pane windows, a 400-amp electrical system, updated plumbing with a water softening system, and an oversized water heater with room for expansion. Each unit receives regularly scheduled maintenance. The roof was serviced in 2014, and the property has been fumigated. The property is zoned CR-FG5. The City of Salinas has approved an Extended Stay Program, creating added potential for farm labor housing and workforce accommodations. The property presents an opportunity to capitalize on the demand for agricultural workforce lodging within the Salinas Valley. The lot size is 0.3592 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Motel Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Days Inn — 1233, 1251 de la torre st, salinas, ca 93905
    • Best 5 Motel — 1010 Fairview Ave, Salinas, CA 93905
    • Inns of California Salinas — 1215 De la Torre St, Salinas, CA 93905
    • Airport Inn — 1226 De la Torre St, Salinas, CA 93905
    • Days Inn Salinas Airport — 1226 De la Torre St, Salinas, CA 93905

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    Longitude
    -121.635188
    Latitude
    36.6732153

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    FAQs

    What type of property is this?
    Motel - Well-maintained 25-unit motel with extended stay potential.
    Where is this motel located?
    The property is located at 6 S Wood ST Salinas.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: Approved Extended Stay Program by the City of Salinas creates potential for farm labor/workforce housing.; 25‑unit boutique motel in a desirable location.; On‑site owner's living quarters: **2 bedrooms, 2 bathrooms, kitchen/family room combo, and separate living room.**
    (831) 206-2335
    We can help!
    Listing Contact
    Eddie Guajardo
    Eddie Guajardo
    Real Estate License ID: 02056453
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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